29.03.2012 - Pakistan: Current system different from Islamic financial system

Interest free banking is according to the constitution of Islamic Republic of Pakistan as our current banking system is entirely different from the Islamic financial system. It is need of the hour media play its role to make people aware of the benefits of Islamic financial system.
Dr Javed Iqbal said ‘Riba’ is haram according to Islamic law but it has been adopted in financial system of a country which has been set up in the name of Islam. He said Iqbal was against capitalism but he was not in favour of its complete omission from the society...............................................Full Article: Source